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The Road Ahead: How Fare Co-op Is Transforming the Future of Ride-Hailing
- Fare Co-op is rewriting the rules of ride-hailing and delivery services with its hybrid corporate-cooperative model that empowers drivers by giving them up to 90% of the fare, while customers save an average of 20% on rides.
- Fare's majority driver-owned structure paves the way for ethical innovation, empowering drivers to vote on local policies, set rates and invest in autonomous vehicles to secure financial stability in the age of automation.
- Fare drivers can also build clientele by being marked as favorites by their customers and both drivers and customers earn residual income through Fare's unique referral program.
- Fare stands out by making drivers co-owners, leading to better service and higher earnings.
- Fare ensures fair labor practices by making drivers co-owners with a voice and involves setting up local co-ops in each area with their own leadership for self-governance and business growth.
- Fare continuously updates the apps to improve user experience and efficiency, including features like the ability for customers to choose their favorite drivers for a more personalized service.
- Fare plans to expand across the U.S., starting with California, then internationally. They are preparing drivers for the future with options to invest in autonomous vehicles through their co-op shares.
- Fare's future plan is to grow the value of their shares for the next 1-2 years, at which point they will go public, putting enough money in the hands of drivers to be able to finance their own driverless vehicles, should they choose to stop driving.
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